HILDALE, Utah (AP) -- In a place where political contests are virtually unknown, the campaign signs offer the latest hint that a polygamous group is losing its grip on this remote red rock community straddling the Utah-Arizona border....

HILDALE, Utah (AP) -- In a place where political contests are virtually unknown, the campaign signs offer the latest hint that a polygamous group is losing its grip on this remote red rock community straddling the Utah-Arizona border....

This story originally appeared on ProPublica and was co-published with the Atlantic. Novasha Miller pushed through the revolving doors of the black glass tower on Jefferson Avenue last December and felt a rush of déjà vu. The building, conspicuous in Memphis’ modest skyline along the Mississippi River, looms over its neighbors. Then she remembered: Years ago, as a teenager, she’d […]

A Senate committee Thursday approved two of President Donald Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry.

A Senate committee on Thursday approved two of President Trump’s choices for key financial regulatory posts, including one for the short-handed Federal Reserve board, despite concerns from Democrats that the nominees were too close to the industry.

SNYDERSVILLE, Pa. (AP) — A group of volunteers rescued more than 60 animals from the same home where humane officials found 122 cats two years ago. Volunteers from Camp Papillion animal shelter and the Animal Welfare Society of Monroe took 66 cats and one dog from the home. The Pocono Record reports (http://bit.ly/2w8zr3V ) the […]

RALEIGH, N.C. (AP) — North Carolina’s House speaker wouldn’t say at first why the Republican-led General Assembly cut much of the state funding legal aid groups use to help low-income clients facing evictions and other legal trouble in civil court. The $1.6 million cut in the final state budget in June was approved with little […]

The acquisition of foreclosed homes has slowed in recent years as real estate prices have recovered in many markets that were a focus of big rental-home companies. Lately, there has been a wave of consolidation in the business.

Wells Fargo Chairman Stephen Sanger will probably step down before the company’s next shareholder meeting early next year as part of a shakeup of the board of directors, the Wall Street Journal reported, citing people familiar with the matter. Wells Fargo said last week that the board is reviewing its own “structure, composition and practices,” which will lead to actions that will be announced by the end of September. Calls for changes on the board intensified last month after the bank said 500,000 clients might have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, even though many drivers already had their own insurance policies. The disclosure follows a scandal last year in which the company acknowledged that it may have opened millions of unauthorized deposit and credit-card accounts. Ryan Graves told staff in an email Thursday that he will move out of his role as senior vice president of global operations in mid-September. Consumer Reports is ...

Invitation Homes and Starwood Waypoint Homes — two of the nation’s largest owners of single-family rental houses — announced Thursday they are merging, creating a behemoth rental company as the country’s home ownership rate remains depressed.

Finance company Freddie Mac plans to provide tens of millions of dollars in financing or loan guarantees to smaller firms that buy single-family homes and operate them as what it considers affordable-housing rentals.

Sasha Abramsky
Richmond City Councilmember and ACCE activist Melvin Willis
Capital & Main is an award-winning publication that reports from California on economic, political and social issues. The American Prospect is co-publishing this piece.
Nearly a decade after the housing market’s collapse, California’s real-estate market has bounced back—and then some. The median price for a two-bedroom rental in San Francisco, depending on what report is used, ranges from roughly $3,000 a month to well over $4,000. The median home-sale price in the state, says the California Association of Realtors, is over $536,000.
In regions with particularly buoyant markets—Silicon Valley, the greater Bay Area, Los Angeles, Orange County, San Diego, and other, mainly coastal areas—increasing numbers of people are finding themselves utterly priced out of their communities. Investors have flocked to cities such as San Francisco and Oakland, to purchase homes that they know they can rent out for a fortune. And in tourist ...

This article appears in the Summer 2017 issue of The American Prospect magazine. Subscribe here .
Mike Gallagher double-checks the address on his smartphone and walks up the cement steps of the brick two-story house on Detroit’s west side. He rings the doorbell, and after waiting a minute knocks loudly on the door. A dog barks and a shirtless black man in his mid-thirties cracks open the door.
“Good afternoon. I’m Mike from the Home Savers group. We’re talking to people who have a land contract from Harbour Portfolio. Is that your situation?”
“Yes,” says the man, whom the visitor may have just woken up. He cautiously looks at Mike, who is white with unruly short white hair.
“A lot of people are finding these rent-to-buy loans may not be such a good deal. Sometimes they’re worse than being a tenant, since you have to pay for all repairs and maintenance. But you don’t build any wealth until you make the last payment. How long is your contract loan?”
“Thirty years.”
Gallagher learns the man’s name is ...

San Francisco â¢ Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago.
Today, the couple is living in a motel after they were evicted last year, having lost a foreclosure battle. A second home they inherited is also in default.
The Dorns expect to join the growing ranks of African-Americans who do not own their homes, a rate that was nearly ...

SAN FRANCISCO (AP) -- Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago....